ASX 200 opens in green; Newcrest, Whitehaven top gainers

August 19, 2022 10:42 AM AEST | By Ashish

ASX 200 opens in green; Newcrest, Whitehaven top gainers — Image source: © Wutzkoh | Megapixl.com

Highlights

The Australian share market opened flat on Friday.

The ASX 200 rose just 3.20 points, or 0.045% to 7,116 at the open.

The index has gained 1.19% in the past five days.

The Australian share market opened flat on Friday after Wall Street closed with modest gains amid ongoing corporate results’ announcements.

The ASX 200 index rose just 3.20 points, or 0.045% to 7,116 at the open. The index has gained 1.19% in the past five days but has declined 4.41% on a year-to-date (YTD) basis.

The ASX All Ordinaries index was up 0.045% at 7,361, while the A-VIX fell 5.756% to 12.641 at the open. . On Thursday, the benchmark index closed 0.2% lower at 7,112.8 points. The benchmark index was trading at 7,113.10, up 0.30 points or 0.0042% in the first 10 minutes of the trade.

In the US, the Dow Jones rose 0.055%, the S&P 500 gained 0.23%, and the NASDAQ ended 0.21% higher.

In Europe, the Stoxx 50 advanced 0.6%, the FTSE rose 0.4%, the CAC gained 0.5%, and the DAX ended 0.5% higher.

Market action

On Thursday, the US Treasury yields soared after data showed that consumer prices surged in July. The yields on 10-year US Treasury note rose 2.88%.

Data Source: ASX (as of 19 August 2022, 10:30 AM AEST)

Newcrest was the top gainer, while TPG was the top loser. Meanwhile, on the ASX, six out of 11 sectors were trading lower. Materials was the best performing sector.

Newsmakers

Cochlear reported an 11% fall in net profit to AU$289.1 million on 10% (9% in constant currently) for the year ending June 2022.
Stockland posted a 22% rise in statutory profit to AU$1.3 billion for FY22.
Newcrest announced production of just under 2 million ounces of gold in FY22.
AGL Energy’s statutory profit after tax (PAT) stood at AU$860 million for the year ended 30 June 2022.
Ingham reported a 57.9% fall in statutory net profit after tax (NPAT) to AU$35.1 million for the full year.
Accent Group’s net profit fell 59% to AU$31.4 million on a 13.8% rise in sales to AU$1.13 billion in FY22.

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